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Soreide Law Group
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Soreide Law Group, PLLC, is a securities litigation firm that is committed to helping victims recover financial losses due to fraudulent or negligent conduct on behalf of stock brokers or financial advisors. We are able to represent investors nationwide in the handling of their securities... More
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  • Soreide Law Group Has Filed Two FINRA Arbitrations Against Matthew Bell And WFG Investments

    Soreide Law Group has filed arbitrations on behalf of 8 investors against Matthew Bell and WFG Investments for Bell's alleged recommendations of high risk investments such as Location Based Technologies, Inc. (Ticker LBAS) and CodeSmart Holdings, Inc., (Ticker ITEN). WFG INVESTMENTS, INC. is a domestic corporation maintaining its headquarters at 2711 N. Haskell Ave., Suite 2900, Dallas, TX 75204. WFG INVESTMENTS, INC. is also registered with the United States Securities and Exchange Commission and is a licensed securities broker-dealer. WFG INVESTMENTS, INC. is a member of the Financial Industry Regulatory Authority.

    Matthew Bell has racked up no less than sixteen (16) reported customer complaints on his Form U4 which is where all customer complaints are reported. The complaints, all resulting in awards or settlements, include but are not limited to: breach of fiduciary duty, breach of contract, deceptive trade practices, fraud, trading in penny stocks and unsuitability. The significance of BELL'S sixteen customer complaints and two terminations is underscored in FINRA NOTICE to MEMBERS 03-49. In 2003, FINRA conducted a review of the CRD's of all 663,000 registered representatives, only 2,751 (.41%) had been the subject of (3) or more customer complaints. In other words, BELL'S customer complaints rank him in the top one-hundredth percentile of all registered representatives for customer complaints.

    BELL also touted many penny stocks such as SOUL, LBAS, ITEN, TWER and private placements including Maryland Proton Center, Virtus Student Housing, LP, Pamaz Scientific to name a few widely inappropriate commission laden investments for risk adverse investors. BELL was also affiliated with Alimo Asset Advisors, Williams Financial Group and WFG Investments.

    If you were a customer of Matthew Bell call the Soreide Law Group for a free consultation. There is no fee unless there is a successful recovery and Soreide Law Group advances all costs. Call (888) 760-6552 or visit us on the web at www.SecuritiesLawyer.com . Representing Investors Nationwide before FINRA.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Apr 13 12:51 PM | Link | Comment!
  • Did You Invest In Puerto Rican Bonds With Oriental Financial Services Corp?

    Oriental Financial Services Corp., which operates as a subsidiary of Oriental Financial Group Inc., is currently being investigated by Soreide Law Group, based in Ft. Lauderdale, Florida, on behalf of several clients who have suffered substantial losses in the risky Puerto Rican municipal bond funds. Headquartered in San Juan, Puerto Rico, Oriental Financial offers financial services to clients in Puerto Rico and Florida.

    Recently, The Financial Industry Regulatory Authority, FINRA, announced that is actively recruiting more arbitrators in Puerto Rico to handle the high number of cases that are being filed. FINRA can also send their arbitrators from Florida or other nearby states.

    Many of the law suits filed are alleging unsuitability, over-concentration of funds, excessive and inappropriate use of leverage, all stemming from Puerto Rican Bond Funds losses and other investments that have a high credit risk, interest rate risk, and exposure to the volatile and unstable Puerto Rican economy. The value of these investments have plummeted and will continue to fall as interest rates rise.

    Soreide Law Group, and attorney Lars Soreide, are actively filing cases against broker/dealers for the substantial losses sustained by Puerto Rican Bond investments. Call (888) 760-6552, for a free consultation if you invested in Puerto Rico Bond Funds.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Mar 28 4:09 PM | Link | Comment!
  • Attention Lakeside 370 Levee District Bond Holders

    Soreide Law Group is investigating potential legal action on behalf of Lakeside 370 Levee District bond holders against stock brokers who recommended the purchase of these St. Charles County, Missouri, bonds to their clients.

    Soreide Law Group has been contacted by investors in the 370 Levee District, St. Charles County bond to pursue an action through the Financial Industry Regulatory Authority "FINRA" against Stifel Nicolaus brokers who sold the bonds. Our firm's investigation shows that the interest payments were supposedly financed by tax payments on the land from two entities Duke and Gundaker who had later plans to develop the land. Gundaker was allegedly thinly capitalized and wholly reliant upon bank financing to pay its taxes. The 370 Levee District investors were not made aware of that information until Gundaker had enough of a tax delinquency that both entities stopped paying the property taxes and it was taken by foreclosure resulting in a bond default.

    If you purchased the St. Charles County, Missouri, 370 Levee District bonds from Stifel Nicolaus or any other broker/dealer, please contact Soreide Law Group for a free consultation at (888) 760-6552 or visit us on the web at http://www.SecuritiesLawyer.com.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Feb 18 1:37 PM | Link | Comment!
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